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JPMorgan Chase & Co. Add to portfolio

INX:JPM, Aug 17, 03:50 UTC

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JPMorgan Turns Bearish on Dean Foods

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JPMorgan is now bearish on shares of food and beverage maker Dean Foods ( DF), citing numerous reasons for caution. The firm dropped its rating on Dallas-based Dean Foods to Underweight from Neutral and cuts its price target to $6 from $9 to now expect a roughly 30% downside to current trading prices. JPMorgan analyst Ken Goldman pointed to increasing costs, waning demand and a more competitive marketplace as some of his reasons for dropping his rating on Dean Foods.

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Yesterday


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JPMorgan Shops Rescue Loan for ATM-Maker Diebold

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JPMorgan Chase & Co. has asked distressed-debt funds to sign nondisclosure agreements and consider investing in a new loan, the people said. Some funds are reviewing the terms of the financing, which would have a first claim on the company’s assets, the people said. Diebold’s shares extended losses after Bloomberg’s initial report of the possible financing, falling as much as 12 percent for the day. Those loans had around $425 million and $140 million outstanding as of June 30, respectively, according to a filing. That, on top of management’s projection for cash burn of around $100 million for the year, instead of a positive $50 million, has some analysts speculating that Diebold will soon need to access more capital.

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JPMorgan's Larry Wilson Said to Join Morgan Stanley for Equities

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JPMorgan's Larry Wilson Said to Join Morgan Stanley for EquitiesBy. August 15, 2018, 1:55 PM EDT. Former structured investments head left JPMorgan this month. Larry Wilson, head of distribution and marketing of structured investments at JPMorgan Chase & Co., left the bank earlier this month for a similar role at Morgan Stanley, according to three people familiar with the matter. Wilson’s hiring follows the departure of Brooke Hammel from Morgan Stanley, who left recently for a position in the equity derivatives group at Goldman Sachs Group Inc., according to the people.

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Wednesday, August 15


News

JPMorgan Chase Announces 2019 Investor Day

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JPMorgan Chase & Co. (JPM) (“JPMorgan Chase” or the “Firm”) will hold an Investor Day in New York City on Tuesday, February 26, 2019 with presentations given by Jamie Dimon, Chairman and Chief Executive Officer, and members of executive management. A live audio webcast and presentation slides will be posted on the day of the event to www.jpmorganchase.com under Investor Relations, Events & Presentations. JPMorgan Chase & Co. (JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

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JPMorgan Chase Declares Preferred Stock Dividend

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JPMorgan Chase & Co. (JPM) (“JPMorgan Chase” or the “Firm”) has declared a dividend on the Firm’s Series X outstanding preferred stock. Information can be found on the Firm’s Investor Relations website at jpmorganchase.com/press-releases. JPMorgan Chase & Co. (JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

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JPMorgan to Close Foreign Retail Clients' Investment Accounts

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ZacksAugust 15, 2018, 1:38 PM GMT. In order to increase focus toward core domestic business, JPMorgan Chase & Co. JPM has decided to shut investment accounts for retail clients that do not live in the United States, per Bloomberg.Elizabeth Seymour, a spokeswoman for JPMorgan informed, “After careful review, we’ve decided to no longer service Chase retail investment accounts to non-U.S. residents.”According to people familiar with the matter, retail customers, residing in about 50 countries outside the United States, will no longer be allowed to keep their investment accounts with International Financial Services with the bank. However, these customers will not be barred from keeping deposit accounts with the bank.Notably, the company’s private-bank customers will not be affected by this change. According to a person familiar with the matter, less than 1% of the banks’ retail investment accounts and assets are likely to be affected.The bank’s division that handles and serves retail clients had nearly $283.7 billion in client investment assets at the end of June, according to a filing.JPMorgan has already begun informing some of its affected clients of the planned exit. According to Bloomberg, which has seen a notice issued by Chase Wealth Management, JPMorgan has already informed its retail clients in Mexico about the change and has told those clients that it is planning to close investment accounts and might liquidate the account assets if they are not moved by Nov 1, 2018.This decision of JPMorgan is expected to enhance its long-term efficiency. In fact, driven by higher rates and rising loan demand, the company remains well positioned for top-line growth in the future.Notably, the company’s efforts to expand into new markets and focus on strengthening the card business will likely benefit its financials.A few stocks from the same industry as JPMorgan are Comerica Incorporated CMA, SunTrust Banks, Inc. STI and KeyCorp KEY.Comerica’s earnings estimates for the current year have been revised upward over the past 60 days.

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Tuesday, August 14


Social Chatter

JPMorgan Chase & Co. (INX:JPM) social chatter is higher than usual

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Goldman Sachs, JPMorgan Invest in Axoni's $32 Million Funding Round https://t.co/cU76nsrkzu

Monday, August 13


News

JPMorgan to Shut Investment Accounts for Foreign Retail Clients

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JPMorgan Chase & Co. retail clients who don’t live in the U.S. will no longer be able to keep investment accounts as the bank shuts a business that it’s operated for decades. “After careful review, we’ve decided to no longer service Chase retail investment accounts to non-U.S. residents," said Elizabeth Seymour, a JPMorgan spokeswoman. Customers of the retail bank who live in about 50 countries outside of the U.S. will still be able to keep deposit accounts, but their investment accounts with International Financial Services will be closed, according to people briefed on the matter, who asked not to be identified because the information isn’t public.

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JPMorgan Chase Stock Still Oozes Profit Potential

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Investors piled into JPMorgan Chase (NYSE:JPM) stock after its earnings report late in July. It sells at a price-to-earnings ratio of 14 and a price-to-book close to parity. So owning JPM stock, especially if at a discount from the current price, is not going to be a financial debacle. And therein lies the opportunity. Conversely, there could be some risk of retesting $112-per-share. Even though I favor the upside scenario, with today’s trade, I will again use options where I can choose my level of risk and leave plenty of room for error. With my setup, JPM stock can fall precipitously and I can still retain my maximum potential gains. How to Trade JPM Stock.

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Chase Partners with Expedia Group to Enhance the Ultimate Rewards® Travel Experience

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“Our cardmembers are searching, booking and redeeming for travel in Ultimate Rewards more than ever, and together with Expedia Group we are taking the experience to the next level,” said Lorraine Hansen, Head of Ultimate Rewards and Loyalty Solutions at Chase. Expedia Group’s best in class travel inventory: Ability to search and redeem for travel across 272,000 lodging options around the world, more than 250 airlines and dozens of car rental options. Increased flight fare and seat selection transparency: Total trip cost will be displayed at check-out, making it easy to see the points and cash needed to redeem for travel. “Expedia Group has the unique ability to take any person from anywhere through an array of travel products and we are excited to wire up the Chase Ultimate Rewards platform with the technology that makes that happen, so they can pass this on to their travel loving customers,” said Ariane Gorin, President, Expedia Partner Solutions brand.

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